National Commercial Bank Jamaica Ltd. - S&P Global Ratings’ Credit Research

National Commercial Bank Jamaica Ltd.

National Commercial Bank Jamaica Ltd. - S&P Global Ratings’ Credit Research
National Commercial Bank Jamaica Ltd.
Published Jun 01, 2010
3255 words — Published Jun 01, 2010
Price US$ 500.00  |  Buy this Report Now

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Abstract:

Strong market share and brand recognition Adequate financial performance High concentration in Jamaica's sovereign bonds and in loans to the public sector Larger-than-peers' client and industry concentration Operation in a small and undiversified country Challenging economic conditions Standard&Poor's Ratings Services' ratings on National Commercial Bank Jamaica Ltd. (NCB) are constrained by the sovereign ratings on Jamaica (B-/Stable/C) due to the bank's high exposure to securities and loans with the government and public entities. This high loan concentration and the challenging economic conditions in the country also constrain the ratings. However, NCB's strong market position and adequate financial profile support the ratings. NCB maintains a large exposure to Jamaica's government in the form of securities and loans. As a

  
Brief Excerpt:

RESEARCH National Commercial Bank Jamaica Ltd. Publication date: 01-Jun-2010 Primary Credit Analyst: Alfredo Enrique Calvo, Mexico City (52) 55-5081-4436; alfredo_calvo@standardandpoors.com Secondary Credit Analyst: Alfonso J Novelo,...

  
Report Type:

Full Report

Ticker
NCB@JA
Issuer
National Commercial Bank Jamaica Ltd.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Jamaica
Region
Latin America
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "National Commercial Bank Jamaica Ltd." Jun 01, 2010. Alacra Store. May 05, 2025. <http://www.alacrastore.com/s-and-p-credit-research/National-Commercial-Bank-Jamaica-Ltd-801905>
  
APA:
S&P Global Ratings’ Credit Research. (). National Commercial Bank Jamaica Ltd. Jun 01, 2010. New York, NY: Alacra Store. Retrieved May 05, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/National-Commercial-Bank-Jamaica-Ltd-801905>
  
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